Jbs N.V. $JBS Stock: Private Advisory Group LLC Raises Position

Private Advisory Group LLC boosted its holdings in shares of Jbs N.V. (NYSE:JBS) by 25.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 942,122 shares of the company’s stock after buying an additional 193,845 shares during the period. Private Advisory Group LLC’s holdings in JBS were worth $10,637,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its position in JBS by 117.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,687,775 shares of the company’s stock worth $138,072,000 after buying an additional 4,147,304 shares in the last quarter. Bank of America Corp DE increased its stake in JBS by 11.6% in the 1st quarter. Bank of America Corp DE now owns 2,782,983 shares of the company’s stock worth $49,982,000 after acquiring an additional 289,771 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in JBS in the 2nd quarter worth about $21,866,000. Amundi raised its holdings in shares of JBS by 17.3% in the 1st quarter. Amundi now owns 457,685 shares of the company’s stock valued at $8,220,000 after acquiring an additional 67,623 shares in the last quarter. Finally, NewEdge Wealth LLC raised its holdings in shares of JBS by 18.5% in the 1st quarter. NewEdge Wealth LLC now owns 403,750 shares of the company’s stock valued at $7,251,000 after acquiring an additional 62,974 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays dropped their price target on JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Wall Street Zen cut shares of JBS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Stephens lowered their target price on shares of JBS from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Weiss Ratings raised shares of JBS from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. Finally, UBS Group lifted their target price on shares of JBS from $17.00 to $17.50 and gave the company a “buy” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, JBS currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.10.

JBS Stock Performance

NYSE JBS opened at $11.89 on Friday. Jbs N.V. has a 52-week low of $10.61 and a 52-week high of $18.65. The company has a fifty day moving average of $12.32 and a 200-day moving average of $13.97. The company has a market capitalization of $9.24 billion, a P/E ratio of 18.30, a P/E/G ratio of 3.33 and a beta of -1.54. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.77 and a current ratio of 1.56.

JBS (NYSE:JBS) last released its earnings results on Monday, November 9th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.10). JBS had a net margin of 0.76% and a return on equity of 7.62%. The firm had revenue of $22.74 billion during the quarter. During the same quarter in the previous year, the company posted $0.54 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. As a group, equities research analysts predict that Jbs N.V. will post 1.01 EPS for the current fiscal year.

Insider Activity

In other news, CFO Guilherme Cavalcanti sold 183,501 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $13.85, for a total value of $2,541,488.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

About JBS

JBS S.A. is a global food company focused on processing beef, pork, poultry and lamb. Its products include fresh and frozen meat, prepared and packaged foods, and value-added food products sold under brands such as Swift, Pilgrim’s and Seara. The company also produces ingredients and other products from animal byproducts, including leather and collagen. Founded in 1953 in Anápolis, Brazil, JBS has grown into an international business with operations across the Americas, Europe, Australia and other markets.